Shares of Direxion Daily AAPL Bull 2X Shares (NASDAQ:AAPU - Get Free Report) fell 6.2% on Friday . The company traded as low as $19.84 and last traded at $20.24. 6,000,032 shares changed hands during mid-day trading, an increase of 426% from the average session volume of 1,140,741 shares. The stock had previously closed at $21.57.
Direxion Daily AAPL Bull 2X Shares Stock Down 0.4%
The stock has a market cap of $74.10 million, a price-to-earnings ratio of 25.83 and a beta of -1.95. The business's fifty day moving average is $22.61 and its two-hundred day moving average is $30.37.
Direxion Daily AAPL Bull 2X Shares Cuts Dividend
The company also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 25th were issued a dividend of $0.243 per share. This represents a $0.97 annualized dividend and a yield of 4.59%. The ex-dividend date was Tuesday, March 25th.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently added to or reduced their stakes in AAPU. Dagco Inc. acquired a new position in Direxion Daily AAPL Bull 2X Shares during the 1st quarter worth approximately $25,000. PayPay Securities Corp acquired a new position in Direxion Daily AAPL Bull 2X Shares during the 4th quarter worth approximately $31,000. SBI Securities Co. Ltd. grew its holdings in Direxion Daily AAPL Bull 2X Shares by 17.8% during the 1st quarter. SBI Securities Co. Ltd. now owns 3,903 shares of the company's stock worth $110,000 after acquiring an additional 591 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Direxion Daily AAPL Bull 2X Shares by 70.3% during the 4th quarter. JPMorgan Chase & Co. now owns 10,091 shares of the company's stock worth $380,000 after buying an additional 4,166 shares during the last quarter. Finally, Jane Street Group LLC purchased a new stake in shares of Direxion Daily AAPL Bull 2X Shares during the 4th quarter worth approximately $740,000.
Direxion Daily AAPL Bull 2X Shares Company Profile
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Get Free Report)
The Direxion Daily AAPL Bull 1.5X Shares (AAPU) is an exchange-traded fund that is based on the Apple Inc index. The fund provides 1.5x leveraged exposure, less fees and expenses, to the daily price movement for shares of Apple stock. AAPU was launched on Aug 9, 2022 and is managed by Direxion.
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